I know a couple of the Taylors guys quite well and they have been very big supporters of this stock and done the hard work to get the word out there + research to good sticky money. I can confirm that for those that think the 'insiders' have all sold out prior to the capital raise, this is not true as Taylor's haven't sold a drop of stock for the last 2 months. It wasn't hard to figure out they were going to raise, as stated earlier, less than $3mil in the bank and about to embark on drilling.
IMO this will be a positive for the stock, funding now done, time to get on with drilling and pull a resource by late 3rd early 4th qtr. Federal licences will be a huge + for TRH as it will just derisk this stock further.
Hopefully there is something in there for the retail share holders that don't want to be diluted. I believe they are being very selective to who the stock is going to making sure its sticky money that wants to build on / open new positions.
Iam impressed with the management running this company, did very well on their recent roadshows and have some good cred in the market.
Look forward to more news by Friday.
TRH Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
